Signify (AMS:LIGHT)‘s stock had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday.
A number of other research firms also recently weighed in on LIGHT. Kepler Capital Markets set a €24.00 ($27.91) price target on shares of Signify and gave the stock a “neutral” rating in a research note on Monday, November 19th. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of Signify and gave the stock a “sell” rating in a report on Friday, November 9th. Jefferies Financial Group set a €21.00 ($24.42) price objective on shares of Signify and gave the stock a “neutral” rating in a report on Tuesday, November 6th. Goldman Sachs Group set a €30.00 ($34.88) price objective on shares of Signify and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, UBS Group set a €25.00 ($29.07) price objective on shares of Signify and gave the stock a “neutral” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €23.67 ($27.52).
Signify has a one year low of €25.50 ($29.65) and a one year high of €36.06 ($41.93).
Philips Lighting NV is a company based in the Netherlands that provides lamps and lighting solutions. Its product portfolio includes, among others, incandescent lamps, halogen lamps, fluorescent lamps, linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), high-intensity discharge lamps (HID) and light-emitting diodes (LED), as well as electronic components, such as electronic ballasts and drivers.
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